Page 173 - Annual Report 2020

Section 5 In this section

Financial Statements
5.1 Consolidated Financial Statements

5.1.1 Consolidated Income Statement
Financial 5.1.2 Consolidated Statement of Comprehensive Income
5.1.3 Consolidated Balance Sheet
Statements 5.1.4 Consolidated Cash Flow Statement
5.1.5 Consolidated Statement of Changes in Equity
5.1.6 Notes to the Financial Statements
BHP Group Plc
5.2
5.3 Directors’ declaration
5.4 Statement of Directors’ responsibilities in respect
of the Annual Report and the Financial Statements
5.5 Lead Auditor’s Independence Declaration under
Section 307C of the Australian Corporations Act 2001
5.6 Independent Auditors’ reports
5.7 Supplementary oil and gas information – unaudited
Notes to the Financial Statements
Performance
1 Segment reporting
About these Financial Statements 2 Revenue
3
Exceptional items
Reporting entity 4 Significant events – Samarco dam failure
BHP Group Limited, an incorporated Australian-listed 5 Expenses and other income
company, and BHP Group Plc, an incorporated UK-listed 6 Income tax expense
company, form a Dual Listed Company (DLC). These entities 7 Earnings per share
and their subsidiaries operate together as a single for-profit Working capital
economic entity (referred to as ‘BHP’ or ‘the Group’) with a 8 Trade and other receivables
common Board of Directors, unified management structure 9 Trade and other payables
and joint objectives. In effect, the DLC structure provides the 10 Inventories
same voting rights and dividend entitlements from BHP Group Resource assets
Limited and BHP Group Plc irrespective of whether investors 11 Property, plant and equipment
hold shares in BHP Group Limited or BHP Group Plc. 12 Intangible assets
Group and related party information is presented in note 32 13 Deferred tax balances
14
Closure and rehabilitation provisions
‘Related party transactions’ in section 5.1. This details Capital Structure
transactions between the Group’s subsidiaries, associates, 15 Share capital
joint arrangements and other related parties. The nature of the 16 Other equity
operations and principal activities of the Group are described 17 Dividends
in the segment information (refer to note 1 ‘Segment reporting’ 18 Provisions for dividends and other liabilities
in section 5.1). Financial Management
Presentation of the Consolidated Financial Statements 19 Net debt
BHP Group Limited and BHP Group Plc Directors have 20 Leases
21
Net finance costs
included information in this report they deem to be material 22 Financial risk management
and relevant to the understanding of the Consolidated
Financial Statements (the Financial Statements). Disclosure Employee matters
may be considered material and relevant if the dollar amount 23 Key management personnel
Employee share ownership plans
24
is significant due to its size or nature, or the information 25 Employee benefits, restructuring and post-retirement
is important to understand the: employee benefits provisions
• Group’s current year results; 26 Pension and other post-retirement obligations
• impact of significant changes in the Group’s business; or 27 Employees
• aspects of the Group’s operations that are important Group and related party information
Discontinued operations
28
to future performance. 29 Subsidiaries
These Financial Statements were approved by the Board 30 Investments accounted for using the equity method
of Directors on 3 September 2020. The Directors have the 31 Interests in joint operations
authority to amend the Financial Statements after issuance. 32 Related party transactions
Unrecognised items and uncertain events
33 Contingent liabilities
34 Subsequent events
Other items
35 Auditor’s remuneration
36 BHP Group Limited
37 Deed of Cross Guarantee
38 New and amended accounting standards
and interpretations

BHP Annual Report 2020 171